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"Today, it’s quite common to meet startups who house their product and engineering centers in Portland, Vancouver, Toronto, Beijing, Waterloo, Paris, or London. Some companies are even relocating their headquarters to these geographies after getting off the ground in the valley."

When I was studying engineering and thinking about going to grad school, I had my own version of the American dream. I had done a short internship in a Silicon Valley company, I had visited the Stanford campus and I had one obsession: I wanted to come back and be a part of this ecosystem. Because this is where people knew, this is where tech talent and knowledge resided.

So 20+ years ago (closer to 25 now... damn...), I went to grad school at Stanford and it changed my life. I discovered so many things that weren't even discussed or taught in European universities that I couldn't list them all.

Today, this situation has changed completely as Tom Tunguz explains in this post. Make no mistake though: Silicon Valley is still unrivaled for tech in many ways. Ecosystem, access to funding, tech culture (with its pros and cons as recent coverage unfortunately showed), go-to-market, scaling, market access, etc... But one thing is very different from 25 years ago: great engineering talent doesn't need to be in Silicon Valley to be great.

I've tested that first-hand being a French founder in San Francisco with an engineering team based in France. Very frequently, I meet peers who will tell me about such and such new technology that's trending in Silicon Valley. And of course, I tell my team about it. But almost systematically, they tell me they've known about it for months or tested it and sometimes implemented it already themselves. The Internet makes the world smaller but it makes the tech world an even tinier little village as engineers are now hyper connected.

Tom adds a new point to this which is the economic equation. All of us foreign founders in Silicon Valley have felt what he explains very personally. We all have rising costs, budgets which are getting harder and harder to balance and - unlike our peers who grew up in the Bay Area - a clear understanding of how much attractive the alternative is economically.

When I relocated 6 years ago to San Francisco with an engineering team based in France, it felt very exotic. I kept explaining that yes, we have good engineers in France - not just bakers, winemakers and luxury clothes designers. Now, when I say my engineering team is based in France, it looks smart.

It is tough out there, and that is a reality! The life of an entrepreneur is indeed tough and difficult. Very few are going to make it to the level of Steve Jobs or even Elon Musk. This, however, doesn't mean that one should not be an entrepreneur!

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